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in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from 15-20. where do you think that those four points will go in negotiations with the republicans? >> mr. boehner said one thing he's not willing to give up on is maintaining the 35 percent top rate. obama wants 39.6 percent. it is rather significant increase. the obama care tax increase. he takes the tax rate on half of all maul - on small business fall in the higher tax rate of 44 percent and up from 35 percent that. is a body blow to small businesses . obama doesn't care. they are not unionized and don't help him out. we have to protect that part of the country and focus
in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from 15-20. where do...
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Nov 12, 2012
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. >> speaker boehner told republican members they would have to avoid fights. according to the "new york times" they seemed to listen but it doesn't change the basic disagreement that could push the country off the fiscal cliff the 1st of january. that is when tax cuts expire the average family will pay an extra $3700 a year. and severe cuts in defense spending will be triggered. sticking point, taxes. the president won on letting tax cuts for the rich expire. leading republican said, no. if it sounds like the argument we already heard, you are right. democrats appear emboldened. >> if the republicans will not agree with that, we will reach a point at the end of this year where all the tax cuts expire and we'll start over next year. >> the two sides have four more days to lay out their markers. on friday they come to the white house to start negotiations. >> ama: weather, it's been nice out but just chilly. >> i think the clouds that are sitting off the coast will help to warm us up. let's take a live look from vollmer peak cam looking down to the bay bridge. y
. >> speaker boehner told republican members they would have to avoid fights. according to the "new york times" they seemed to listen but it doesn't change the basic disagreement that could push the country off the fiscal cliff the 1st of january. that is when tax cuts expire the average family will pay an extra $3700 a year. and severe cuts in defense spending will be triggered. sticking point, taxes. the president won on letting tax cuts for the rich expire. leading republican...
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Nov 12, 2012
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. >> reporter: speaker boehner said they would have to avoid nasty fights and according to "the new york times," they seemed to listen. but it could push the country offer the fiscal cliff, the 1st of january. that's when the number of tax cuts expired dubbed taxmageddon. and severe cuts that defense spending would be triggered. the sticking point on avoiding that cliff -- taxes. the president campaigned on and won on letting tax cuts for the rich expire. a leading republican said no. >> no republican is going to vote for higher tax rates. we will generate revenue from eliminating deductions from loopholes. >> reporter: if that sounds like the argument we heard before, you're right. that rates for the rich rise. are we headed for that cliff? >> so if the republicans will not agree with that, we will reach a point at the end of this year where all the tax cuts expire and we'll start over next year. >> on friday, congressional leaders come here to the white house to start negotiations in earnest. david kerley, abc news, the white house. >>> two weeks after superstorm sandy dealt its devast
. >> reporter: speaker boehner said they would have to avoid nasty fights and according to "the new york times," they seemed to listen. but it could push the country offer the fiscal cliff, the 1st of january. that's when the number of tax cuts expired dubbed taxmageddon. and severe cuts that defense spending would be triggered. the sticking point on avoiding that cliff -- taxes. the president campaigned on and won on letting tax cuts for the rich expire. a leading republican...
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. >> glor: house speaker john boehner held a conference call with his members telling them compromise was needed. obama senior advisor david axelrod called boehner's comments to members encouraging. >> i think there are a lot of ways to skin this cat so long as everybody comes with a positive, constructive attitude toward the task. >> glor: if the automatic spending cuts happen, exactly 50% of the board without fall on the pentagon. national security correspondent david martin lays out what that would mean. e> reporter: the dreaded sequestration would double the $500 billion in cuts the pentagon is already planning to make over the next decade. defense secretary panetta has not minced words about what that would mean. >> if a sequestration is allowed to go into effect it will be a disaster for national defense. >> reporter: according to panetta the new american strategy of pivoting away from the wars in iraq and afghanistan toward the pacific and an emerging chinese superpower would come undone. >> all of that can go to hell if this congress doesn't face up and deal with the issue of
. >> glor: house speaker john boehner held a conference call with his members telling them compromise was needed. obama senior advisor david axelrod called boehner's comments to members encouraging. >> i think there are a lot of ways to skin this cat so long as everybody comes with a positive, constructive attitude toward the task. >> glor: if the automatic spending cuts happen, exactly 50% of the board without fall on the pentagon. national security correspondent david martin...
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Nov 12, 2012
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so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i think eventually they are going to get a deal, but i think it'll probably be a two-step process where they get some type of down payment on tax reform and then do something larger in the new year with the new congress being sworn in. so, but how do you do that, how do you have one-step process? i think you've got to have the parameters of what you're going to do next year now. boehner does not want a huge deal in the lame duck. he says that the new congress should be in session when you're going to do this, the newly-elected people. so it's goi
so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i...
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Nov 12, 2012
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there's the faction that would be amenable to the deal and somebody like john boehner is going to be working toward a deal. and then there's the other side, the more tea party republicans who aren't going to want to accept this, who aren't going to be okay with raising taxes on anyone. and so i think we are going to see a little bit of a fight here. that said, they don't want to be the ones that cause the country to go over the cliff. it's going to be an interesting couple of weeks. >> i think fewer people are more representative of the other side. does grover norquist have any clout? >> he has some. can he stop a short-term deal from being done? it's the desire to never cut a dime from the defense or the military budget. i think the question will be -- we will see a deal, will it be another short-term deal that kind of exchanges the stopping of the sequestration cuts of the military spending increases in favor of something like lifting the cap off social security taxes or adding some taxes to the wealthiest families in addition to the ones that are already going to take effect janua
there's the faction that would be amenable to the deal and somebody like john boehner is going to be working toward a deal. and then there's the other side, the more tea party republicans who aren't going to want to accept this, who aren't going to be okay with raising taxes on anyone. and so i think we are going to see a little bit of a fight here. that said, they don't want to be the ones that cause the country to go over the cliff. it's going to be an interesting couple of weeks. >> i...
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. >> we made a lot, at least those of us in the media, made a lot last week of speaker boehner's references to an openness to increasing revenue to the government. whether this was an affirmative desire to do that as a result of a tax reform or sort of a secondary effect of reducing rates and creating more economic growth is a little bit unclear here, but how encouraged are you from the words that the speaker has been saying and that others on the gop side have been saying about an openness really to raising revenue as part of a bargain? >> well, the tone was right. i think that that is something that certainly should be being a flojed. because there is no question when you heard the language after the statement we want to -- we're willing to see new revenues, what speaker boehner said and what the republicans are saying is that in fact the revenues can only come from economic growth. now of course as democrats we also believe in economic growth, growing jobs but we also say that we do need some hard revenues in the short term if we're going to be serious about bringing down this deficit an
. >> we made a lot, at least those of us in the media, made a lot last week of speaker boehner's references to an openness to increasing revenue to the government. whether this was an affirmative desire to do that as a result of a tax reform or sort of a secondary effect of reducing rates and creating more economic growth is a little bit unclear here, but how encouraged are you from the words that the speaker has been saying and that others on the gop side have been saying about an...
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and john boehner, as well. and we cincinnatiens as speaker boehner may say, is that we can get to the table and we can negotiate. he's already sent a signal that he wants to do that and i believe that president obama wants to do that, too. they both have an interest. the white house line is saying we don't have a deal here we're going to go into recession while boehner is saying business is telling him, hey, let's stop the bonds market from falling apart and make sure that we can pay our national debt. >> republican strategist oliver mcgee. let's hope for a kumbayah moment. richard socarides, thanks to you both this morning. >> thank you. >>> mystery surrounds a missing american journalist thought to be held hostage in syria. coming up, his parents' emotional appeal and why some say the clues found in a video that they just don't add up. there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone repla
and john boehner, as well. and we cincinnatiens as speaker boehner may say, is that we can get to the table and we can negotiate. he's already sent a signal that he wants to do that and i believe that president obama wants to do that, too. they both have an interest. the white house line is saying we don't have a deal here we're going to go into recession while boehner is saying business is telling him, hey, let's stop the bonds market from falling apart and make sure that we can pay our...
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but speak john boehner told house republicans that after last week's election a mandate from the american people is to work together, even if it means additional revenues through tax reform. meanwhile bill crystal editor of "the weekly standard" seemed to cave in on the president's demand that wealthy people pay more. >> it won't kill the country if we raise taxes a little bit on millionaires. it won't. really the republican will fall on the sword to defend millionaires half who voted democratic and half who live in hollywood. >> administration officials are already suggesting to congress that mr. obama is willing to let the deadline pass, let tax rates go up and spending be cut. if he can't get the deal he wants. >> bill plante in washington. thank you. later this morning we'll ask conservative activity jaft grover norquist if republicans are backing away from his no tax increase pledge. >> two weeks ago sandy battered the northeast. hundreds of homes and businesses have no power. most on long island. the governor of new york is calling for an investigation as mark strassman reports from
but speak john boehner told house republicans that after last week's election a mandate from the american people is to work together, even if it means additional revenues through tax reform. meanwhile bill crystal editor of "the weekly standard" seemed to cave in on the president's demand that wealthy people pay more. >> it won't kill the country if we raise taxes a little bit on millionaires. it won't. really the republican will fall on the sword to defend millionaires half who...
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gregg: so, steve is john boehner right or crystal right. >> john boehner gets an a in economics. he's precisely right. a large percentage of the income that barack obama wants to tax at the higher rate is small business income. the other part of it that the speaker didn't mention is the other big component of that income is investment income the money that the people put into the small businesses to create them in the first place. doug knows this very well that one of the big problems we have in the economy right now is businesses aren't inch investigating, they are not expand -lg your operations. can you think of a worst time to raise the tax rate on investment when investment went negative in the last quarter? if businesses are not investing they can't hire more workers and i agree with doug it could cause a ou double-dip recession. gregg: if you force higher income americans to pay more in taxes not through increasing their tax rates but rather closing the loopholes, deductions, credits and so on and so forth, that is still a net increase on that important sector. so how is th
gregg: so, steve is john boehner right or crystal right. >> john boehner gets an a in economics. he's precisely right. a large percentage of the income that barack obama wants to tax at the higher rate is small business income. the other part of it that the speaker didn't mention is the other big component of that income is investment income the money that the people put into the small businesses to create them in the first place. doug knows this very well that one of the big problems we...
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speaker boehner could envision tax reform closing loopholes in a way that would increase revenue but the critics are skeptical. but conservative columnist bill kristol shocked the g.o.p. with this comment yesterday. >> it won't kill the country if we raise taxes on millionaires. it won't. i don't understand why republicans don't take obama's offer to freeze taxes for everyone below $250,000. >>reporter: he asked why the republican family should fall on its sword for a bunch of millionaires who live in hollywood and voted democrat anyway. >>shepard: what is the president doing differently? >>reporter: aside from promoting his over referendum he will meet with business and labor leaders tomorrow and wednesday at the white house before meeting with congressional leaders. instead of late-night twisting arms in the cabinet room as he tried last year, the president may do a couple of rallies outside the beltway to remind lawmaker how americans voted. >> tuesday we found out the majority of americans agree with my approach, democrats, independents, and some republicans. new we need a majori
speaker boehner could envision tax reform closing loopholes in a way that would increase revenue but the critics are skeptical. but conservative columnist bill kristol shocked the g.o.p. with this comment yesterday. >> it won't kill the country if we raise taxes on millionaires. it won't. i don't understand why republicans don't take obama's offer to freeze taxes for everyone below $250,000. >>reporter: he asked why the republican family should fall on its sword for a bunch of...
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but speaker john boehner told house republicans that after last week's election the mandate from the american people is to work together even if it means additional revenues through tax reform. meanwhile bill kristol, editor of "the weekly standard," seemed to cave in on the president's demand that wealthy people pay more. >> you know what? it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i don't think. really? t >> reporter: the president begins making his case this week. what's different this time is that administration officials are already suggesting to congress that mr. obama is willing to let the deadline pass, let tax rates go up, and spending be cut if he can't get the deal he wants. norah, charlie? >> wow. bill plante in washington, thank you. >>> later this morning we'll ask conservative activist grover norquist if republicans are backing away from his no tax increase pledge. >>> two weeks ago today superstorm sandy battered the northeast. more than 100,000 homes and businesses still have no power. most of them are on new york's lon
but speaker john boehner told house republicans that after last week's election the mandate from the american people is to work together even if it means additional revenues through tax reform. meanwhile bill kristol, editor of "the weekly standard," seemed to cave in on the president's demand that wealthy people pay more. >> you know what? it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i don't think. really? t >> reporter: the...
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john boehner has already talked about working with the president on this. let me say this, the vitriol of the last two years or maybe the last four years on both sides to have fence, democrats and republicans, need, that needs to stop. we need to move forward together as a united america and put the vitriol away, put the campaign mode away. i think all americans want that. i know some republicans want that and some democrats want that. let's find that common ground and move forward. shannon: this event that the president had last friday at the white house to a lot of people looked a lot like a campaign event. they was surrounded by people who were described as middle class americans who had voted for him and stakeholders who want to see his particular plans forwarded. there were no questions from the press. it looked a lot like a campaign event. brad, this is part of what the president had so say. he said on tuesday voters said loud and clear on tuesday they won't tolerate politicians who use compromise as a dirty word. cooperation, consensus. is the presid
john boehner has already talked about working with the president on this. let me say this, the vitriol of the last two years or maybe the last four years on both sides to have fence, democrats and republicans, need, that needs to stop. we need to move forward together as a united america and put the vitriol away, put the campaign mode away. i think all americans want that. i know some republicans want that and some democrats want that. let's find that common ground and move forward. shannon:...
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boehner to try to get the votes. mr. boehner has never been able to deliver the votes without ms. pelosi and the democrats delivering those votes. i think the democratic position is to come up with a fair and balanced proposal to not raise taxes on the middle class and to not sit back and listen to the republicans talk about robbing the banks when the bush tax cuts robbed us -- >> here's the question, will the democrats go along with cuts and entitlement spending? >> i don't know, wolf. i will be up on capitol hill on thursday. i want to hear from them. i don't want to tell them what to do because i do believe they have a mandate from the american people to basically put everything on the table and to come up with a balanced approach and not listen to the nightmares the republicans are -- >> donna has a point. and i think a lot of republicans agree with barack obama on this. but it's the barack obama who said when the economy's weak, you don't raise taxes on anybody, which is why he intended the bush tax cuts for two more years. but that's not the point. i think you'll find republ
boehner to try to get the votes. mr. boehner has never been able to deliver the votes without ms. pelosi and the democrats delivering those votes. i think the democratic position is to come up with a fair and balanced proposal to not raise taxes on the middle class and to not sit back and listen to the republicans talk about robbing the banks when the bush tax cuts robbed us -- >> here's the question, will the democrats go along with cuts and entitlement spending? >> i don't know,...
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house speaker, john boehner, wants to keep all the bush tax cuts in place. he's starting to talk about closing up tax loopholes. conservative pundit and weekly standard editor bill kristol said it's time for republicans to come so some sort of compromise. >> conservative movement has to pull back, let people float new ideas, let's have a serious debate. don't scream and yell when one person says it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i don't think. i don't understand why republicans don't take obama's offer? >> cnn's senior congressional correspondent dana bash is live for us in washington, d.c. what do you make of his comments? >> soledad, look, bill kristol is not an elected official. he doesn't get a vote. but he is a very influential gop voice here in washington. and around the country. and for him to tell republicans it wouldn't kill to them to agree to tax increases for millionaires. it's a big deal. and we heard some similar talk from republicans who do have a vote like senator bob corker. listen to
house speaker, john boehner, wants to keep all the bush tax cuts in place. he's starting to talk about closing up tax loopholes. conservative pundit and weekly standard editor bill kristol said it's time for republicans to come so some sort of compromise. >> conservative movement has to pull back, let people float new ideas, let's have a serious debate. don't scream and yell when one person says it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i...
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does he sit down in a room and honestly openly negotiate with speaker boehner, mitch mcconnell, or does he come in, give a set of demands and go hold a press conference? they can, i believe, hammer out -- >> same can the said on the other side, by the way. >> but if the president is willing to do it, the republicans have no choice. i mean, you can't turn down a president who just won re-election if he's sincere and willing to negotiate. >> going to take some bold initiatives which is my segue into your book, okay, because you've written this book about george washington and his bold moves to break the stalemate of the revolutionary war. so much has been written about george washington. what do you want readers to take away from this book that's new? >> well, i think particularly this morning is the launch of an american legacy book tour that calista and i are doing because she has two new children's books out for american history. the first thing is to say to people we have a long history of overcoming adversity. george washington is probably the greatest example of that, and in "victor
does he sit down in a room and honestly openly negotiate with speaker boehner, mitch mcconnell, or does he come in, give a set of demands and go hold a press conference? they can, i believe, hammer out -- >> same can the said on the other side, by the way. >> but if the president is willing to do it, the republicans have no choice. i mean, you can't turn down a president who just won re-election if he's sincere and willing to negotiate. >> going to take some bold initiatives...
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tone that we've seen since the election, whether it's from the president or the house speaker john boehner, but i can tell you in talking to sources privately on both sides of the aisle, they admit that it's all about positioning and posturing to make sure at the end of the day if we do go off the fiscal cliff that they're not blamed for it. they're the ones who looked reasonable, not unreasonable, and they're preparing for the other side to blame them for the opposite, if that makes sense. that's a lot of what you are saying in public. the reality is that neither side has a really clear machine date or clear vote and no one wants to look at the end of the day like they never gave compromise a chance. listen to republican bob corker, though, because there does seem to be a little bit of a crack on the republican side on whether or not it's okay to raise some taxes. >> i think there is a deal. the ying and yang is we know there has to be revenues, and i think -- look, i haven't met a wealthy republican or democrat in tennessee that's not willing to contribute more as long as they know we so
tone that we've seen since the election, whether it's from the president or the house speaker john boehner, but i can tell you in talking to sources privately on both sides of the aisle, they admit that it's all about positioning and posturing to make sure at the end of the day if we do go off the fiscal cliff that they're not blamed for it. they're the ones who looked reasonable, not unreasonable, and they're preparing for the other side to blame them for the opposite, if that makes sense....